PepsiCo, Inc. (NASDAQ:PEP) Shares Sold by Nationale Nederlanden Powszechne Towarzystwo Emerytalne S.A.

Nationale Nederlanden Powszechne Towarzystwo Emerytalne S.A. trimmed its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 89.2% in the 4th quarter, HoldingsChannel.com reports. The fund owned 3,901 shares of the company’s stock after selling 32,073 shares during the quarter. Nationale Nederlanden Powszechne Towarzystwo Emerytalne S.A.’s holdings in PepsiCo were worth $593,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Tallon Kerry Patrick purchased a new stake in shares of PepsiCo during the fourth quarter worth $224,000. Brady Martz Wealth Solutions LLC acquired a new position in PepsiCo in the fourth quarter valued at about $1,645,000. Grove Bank & Trust lifted its position in PepsiCo by 2.1% in the fourth quarter. Grove Bank & Trust now owns 7,527 shares of the company’s stock valued at $1,145,000 after buying an additional 157 shares during the last quarter. Successful Portfolios LLC lifted its position in PepsiCo by 6.7% in the fourth quarter. Successful Portfolios LLC now owns 4,393 shares of the company’s stock valued at $668,000 after buying an additional 275 shares during the last quarter. Finally, Ellsworth Advisors LLC lifted its position in shares of PepsiCo by 3.1% during the fourth quarter. Ellsworth Advisors LLC now owns 13,324 shares of the company’s stock worth $2,026,000 after purchasing an additional 399 shares in the last quarter. 73.07% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

PEP has been the topic of a number of recent research reports. Evercore ISI set a $140.00 target price on shares of PepsiCo in a research note on Thursday, April 24th. Jefferies Financial Group lowered shares of PepsiCo from a “buy” rating to a “hold” rating and dropped their price target for the company from $171.00 to $170.00 in a research note on Wednesday, March 12th. StockNews.com downgraded PepsiCo from a “buy” rating to a “hold” rating in a report on Thursday, February 6th. Barclays decreased their price objective on PepsiCo from $143.00 to $135.00 and set an “equal weight” rating for the company in a report on Monday, April 28th. Finally, HSBC decreased their price target on PepsiCo from $186.00 to $170.00 and set a “hold” rating for the company in a report on Tuesday, February 4th. One research analyst has rated the stock with a sell rating, fifteen have given a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $160.69.

PepsiCo Trading Down 0.1%

NASDAQ:PEP opened at $131.79 on Tuesday. PepsiCo, Inc. has a 1 year low of $127.87 and a 1 year high of $182.13. The stock has a market cap of $180.69 billion, a price-to-earnings ratio of 18.96, a PEG ratio of 3.09 and a beta of 0.47. The business has a fifty day moving average of $141.05 and a 200-day moving average of $149.19. The company has a debt-to-equity ratio of 2.05, a quick ratio of 0.65 and a current ratio of 0.82.

PepsiCo (NASDAQ:PEP) last announced its quarterly earnings data on Thursday, April 24th. The company reported $1.48 earnings per share for the quarter, missing the consensus estimate of $1.49 by ($0.01). PepsiCo had a net margin of 10.43% and a return on equity of 58.87%. The firm had revenue of $17.92 billion during the quarter, compared to analyst estimates of $17.81 billion. During the same quarter last year, the company earned $1.61 EPS. The company’s quarterly revenue was down 1.8% compared to the same quarter last year. Equities analysts predict that PepsiCo, Inc. will post 8.3 earnings per share for the current year.

PepsiCo Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 6th will be paid a $1.4225 dividend. This is an increase from PepsiCo’s previous quarterly dividend of $1.36. This represents a $5.69 annualized dividend and a yield of 4.32%. The ex-dividend date of this dividend is Friday, June 6th. PepsiCo’s dividend payout ratio is currently 83.68%.

PepsiCo Profile

PepsiCo, Inc engages in the manufacture, marketing, distribution, and sale of various beverages and convenient foods worldwide. The company operates through seven segments: Frito-Lay North America; Quaker Foods North America; PepsiCo Beverages North America; Latin America; Europe; Africa, Middle East and South Asia; and Asia Pacific, Australia and New Zealand and China Region.